Tag Archives: MAC

Coronavirus: MAC clause used to withdraw from £510m property acquisition

Posted on April 6, 2020 by Christopher Wilsher

News sources are reporting that Columbia Threadneedle has withdrawn from its £510m agreement to buy Manchester Airport Group’s Victoria portfolio, despite having exchanged. A Material Adverse Change (MAC) clause in the contract has allowed the fund manager to withdraw from the …

Posted in Shorter Reads | Tagged , , , , | Comments Off on Coronavirus: MAC clause used to withdraw from £510m property acquisition

Coronavirus and Loan Agreements: A Material Adverse Change?

Posted on March 16, 2020 by Christopher Wilsher

With the current extreme volatility in world markets and commentators predicting worsening economic and financial conditions worldwide, lenders exposed to industries particularly affected by the COVID-19 outbreak may consider invoking Material Adverse Change (MAC) provisions in loan agreements to demand …

Posted in Longer Reads | Tagged , , , , | Comments Off on Coronavirus and Loan Agreements: A Material Adverse Change?